Todd Thompson's weekly gross earnings for the week ended May 23 were $1,400, and his federal income

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Todd Thompson's weekly gross earnings for the week ended May 23 were $1,400, and his federal income tax withholding was $247.90. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Thompson's net pay?

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Feb 28, 2014 08:42 AM

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Todd Thompson's weekly gross earnings for the week ended May 23 were $1,400, and his federal income

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Total wage payment 140000 Less Federal ...View the full answer

Corporate Financial Accounting

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